Refmech Ltd - Filleted accounts

Registered number

11954602

Refmech Ltd

Filleted Accounts

30 April 2026

Refmech Ltd
Registered number:		11954602
Balance Sheet
as at 30 April 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		191,881			134,340

Current assets
Debtors	4	235,083			284,399
Cash at bank and in hand		19,675			56,126
		254,758			340,525

Creditors: amounts falling due within one year	5	(166,976)			(179,098)

Net current assets			87,782			161,427

Total assets less current liabilities			279,663			295,767

Creditors: amounts falling due after more than one year	6		(70,768)			(57,160)

Provisions for liabilities			(31,521)			(28,033)


Net assets			177,374			210,574

Capital and reserves
Called up share capital			10			10
Profit and loss account			177,364			210,564

Shareholders' funds			177,374			210,574

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr M Woods
Director
Approved by the board on 15 June 2026

Refmech Ltd
Notes to the Accounts
for the year ended 30 April 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer Equipment	Over 3 years
	Vehicles	at 20% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			20		14


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 May 2025	7,621		200,720		208,341
	Additions	-		83,895		83,895
	At 30 April 2026	7,621		284,615		292,236

	Depreciation
	At 1 May 2025	5,947		68,054		74,001
	Charge for the year	1,284		25,070		26,354
	At 30 April 2026	7,231		93,124		100,355

	Net book value
	At 30 April 2026	390		191,491		191,881
	At 30 April 2025	1,674		132,666		134,340



4	Debtors			2026		2025
£					£

	Trade debtors			226,237		261,869
	Other debtors			8,846		22,530
				235,083		284,399


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			22,059		13,240
	Obligations under finance lease and hire purchase contracts			24,406		15,025
	Taxation and social security costs			69,913		145,843
	Other creditors			50,598		4,990
				166,976		179,098

6	Creditors: amounts falling due after one year			2026		2025
£					£
	Bank loans			35,222		27,795
	Obligations under finance lease and hire purchase contracts			35,546		29,365
				70,768		57,160

7	Other information

	Refmech Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	2 Steel Lane
	Catcott
	Bridgwater
	Somerset
	TA7 9HP